How outsourcing facilities management can save your building.

Companies concentrating on their main business as they emerge from epidemic mode may not be thinking about the newest wireless sensors, robot cleaners, or green energy deals. However, there is a new type of property manager that will greatly benefit from these technological advancements.

These specialists, also referred to as facility management partners, are starting to emerge. Additionally, non-core company functions are being outsourced as corporations save costs.

The value of the worldwide facility management market will reach a staggering US$1.9 trillion by 2024. In addition to this estimate, a well-designed facilities management plan can cut a company’s property-related spending by 25%. Savings are often found in the following areas: supply chain management, workforce administration, and property upkeep.

According to Nick Moore, Head of Sales, Work Dynamics, JLL Australasia, outsourcing is a useful option for companies looking to focus on their core competencies.

“Once a thorough facility management partnership is in place, it will considerably minimise the labour and money spent managing your property portfolio, while simultaneously expediting your sustainability and compliance objectives,” claims Moore.

“This field has made tremendous strides, with automation, wireless sensors, machine learning, and artificial intelligence all contributing to the seamless operation of building systems. A company might not have this technological know-how on staff, but a top service provider undoubtedly does.”

Five stages are suggested for businesses thinking about partnering with a facility management company:

1. Define your objectives. What do you want to accomplish? You can desire to spend less time and effort on your facilities, be worried about pending maintenance, or look for new solutions to boost productivity.
2. Together, you should discover requirements and problems among your stakeholders. The CEO, the executive leadership team, the director of facilities, and their teams may be among your stakeholders.
3. Examine potential means of achieving objectives. This can entail changing current internal procedures or outsourcing a number of tasks. For instance, you could hire a building assessment and asset management service for data-driven capital planning and maintenance to address deferred maintenance.
4. Create a transparent business model. Facility management companies frequently use outcomes-based contracts, which, in contrast to conventional procurement agreements, place more emphasis on key performance metrics than on predetermined tasks. If targets are exceeded, joint savings and bonuses are offered, while the partner’s fees are often decreased in performance-based agreements.
5. To achieve a smooth transition, be clear in your communication. Your team will want confirmation that the facilities personnel they are accustomed to working with will still be available, that services will be simple to access, and that the service provider is reputable and committed to helping employees make the shift.